Page 35 - AAE PR REPORT

Page 35 - AAE PR REPORT - MAY 2025

P. 35

5/22/25, 9:35 AM Al Ansari Exchange and UnionPay International launch Real-Time Remittance Service to China via MoneyExpress

Al Ansari Exchange and UnionPay International launch Real-
Time Remittance Service to China via MoneyExpress

18h • 2 min read

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Al Ansari Exchange, a subsidiary of Al Ansari Financial Services and the largest remittance and foreign exchange company in
the UAE, and UnionPay International announced today the launch of MoneyExpress remittance service in the UAE. This Ad Derila
partnership marks a significant milestone, as Al Ansari Exchange becomes the first exchange company in the entire GCC
region to integrate directly with UnionPay’s infrastructure, streamlining remittances through a fully digital, real-time
interface ensuring speed, transparency, and user convenience.

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This agreement was signed during Seamless Middle East 2025, in the presence of Ali Al Najjar, Chief Operating Officer at Al
Ansari Exchange and Luping Zhang, General Manager of Middle East of UnionPay International.
“Digital innovation is at the heart of our strategy, and the launch of MoneyExpress marks a significant step forward in cross-
border payment solutions,” says Ali Al Najjar, COO of Al Ansari Exchange. “By directly integrating with UnionPay’s network,
we are removing traditional barriers to remittance, delivering a faster, more cost-effective, and customer-centric solution
that strengthens our position as a digital leader in financial services.”
“We are pleased to partner with Al Ansari Exchange to introduce MoneyExpress in the UAE,” says Luping Zhang, General
Manager of Middle East of UnionPay International. “This service offers customers a secure, real-time, and cost-effective way With Emirates NBD Credit C
to send money to China. With upfront exchange rate settlement and direct crediting in RMB, it simplifies the process and be one of 10 lucky winners
eliminates hidden fees, enhancing convenience for senders and recipients alike.” Ad Emirates NBD

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Unlike traditional remittance channels, MoneyExpress guarantees the exchange rate upfront and credits the recipient’s
UnionPay card in Chinese renminbi (RMB) instantly, without intermediary or bank handling fees. This provides customers
with greater cost transparency and immediate access to their funds.
With a network of over 270 branches and digital channels across the UAE, Al Ansari Exchange combines deep market
expertise with advanced compliance standards to offer seamless financial services. This milestone and strategic partnership
between Al Ansari Exchange and UnionPay International paves the way for future collaborations that will expand secure and
efficient payment solutions across new corridors.